Tractor Supply (NASDAQ:TSCO) Stock Rating Reaffirmed by Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a report issued on Thursday, Benzinga reports. They presently have a $335.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 14.69% from the company’s current price.

Other analysts have also issued research reports about the stock. Wedbush reaffirmed a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Robert W. Baird set a $320.00 target price on Tractor Supply in a research report on Thursday, October 17th. Wells Fargo & Company upped their price target on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Melius Research started coverage on Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. Finally, Truist Financial upped their target price on shares of Tractor Supply from $293.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $272.50.

Tractor Supply Stock Up 0.2 %

NASDAQ TSCO opened at $292.09 on Thursday. The business’s fifty day simple moving average is $281.82 and its 200-day simple moving average is $272.88. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The firm has a market cap of $31.51 billion, a PE ratio of 28.17, a P/E/G ratio of 3.66 and a beta of 0.80. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $307.64.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $3.83 earnings per share. As a group, equities analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the 1st quarter worth about $26,000. LRI Investments LLC purchased a new position in Tractor Supply in the first quarter valued at approximately $28,000. J.Safra Asset Management Corp raised its holdings in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Tractor Supply in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.